Life Time Group Holdings, Inc. (LTH) – What Are Analysts Thinking About This Stock?

Life Time Group Holdings, Inc. (NYSE:LTH) has been assigned an average recommendation of “Moderate Buy” from the sixteen analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and fifteen have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $56.14.

Several equities analysts have recently commented on LTH shares. Zacks Research lowered Life Time Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 19th. UBS Group set a $63.00 price objective on Life Time Group in a report on Wednesday, September 23rd. Bank of America reaffirmed a “buy” rating and issued a $51.00 price objective on shares of Life Time Group in a research note on Friday, July 31st. Northland Securities set a $57.00 target price on shares of Life Time Group in a report on Friday, July 31st. Finally, Morgan Stanley increased their target price on shares of Life Time Group from $53.00 to $54.00 and gave the stock an “overweight” rating in a report on Tuesday, October 27th.

Life Time Group Trading Up 2.3%

NYSE:LTH traded up $1.05 during midday trading on Friday, hitting $46.59. The stock had a trading volume of 2,345,369 shares, compared to its average volume of 3,612,977. The stock has a 50-day moving average of $42.20 and a 200 day moving average of $36.16. The company has a market capitalization of $10.46 billion, a price-to-earnings ratio of 25.32, a PEG ratio of 1.43 and a beta of 1.46. Life Time Group has a one year low of $24.45 and a one year high of $48.61. The company has a quick ratio of 0.63, a current ratio of 0.73 and a debt-to-equity ratio of 0.42.

Life Time Group (NYSE:LTH) last issued its earnings results on Thursday, October 29th. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.10. Life Time Group had a return on equity of 11.01% and a net margin of 12.72%. The business had revenue of $893.52 million during the quarter, compared to analyst estimates of $874.98 million. During the same period in the previous year, the company posted $0.41 EPS. Life Time Group’s revenue was up 14.1% on a year-over-year basis. As a group, sell-side analysts forecast that Life Time Group will post 1.63 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Ritadhwaja Singh sold 154,912 shares of the company’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $42.00, for a total value of $6,506,304.00. Following the completion of the sale, the executive vice president owned 138,351 shares of the company’s stock, valued at approximately $5,810,742. This represents a 52.82% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Danhakl sold 1,683,651 shares of the company’s stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $46.86, for a total transaction of $78,895,885.86. Following the completion of the sale, the director directly owned 491,915 shares of the company’s stock, valued at $23,051,136.90. The trade was a 77.39% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 7,897,766 shares of company stock worth $351,074,404. 13.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Life Time Group

A number of large investors have recently bought and sold shares of the business. Root Financial Partners LLC purchased a new position in shares of Life Time Group in the 3rd quarter valued at $36,000. Hantz Financial Services Inc. raised its position in shares of Life Time Group by 213.8% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,070 shares of the company’s stock worth $43,000 after acquiring an additional 729 shares in the last quarter. Nykredit A S bought a new position in shares of Life Time Group in the 2nd quarter worth $47,000. EverSource Wealth Advisors LLC lifted its stake in shares of Life Time Group by 49.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,772 shares of the company’s stock worth $48,000 after purchasing an additional 587 shares during the last quarter. Finally, Anchor Investment Management LLC purchased a new stake in shares of Life Time Group during the 2nd quarter worth $68,000. Institutional investors own 79.40% of the company’s stock.

Life Time Group Company Profile

Life Time Group Holdings, Inc. operates a network of fitness and wellness clubs in the United States and Canada. Its locations combine fitness facilities with services and amenities such as group exercise classes, personal training, swimming, racquet sports, spa services, and dining. The company also offers digital fitness and wellness content through its app and other platforms, complementing its in-person club services. Its clubs are designed to serve individuals and families with a range of fitness, recreation, and wellness programs.